Cost of Living Comparison Between Akureyri and Tbilisi Cost of Living Comparison Between Akureyri and Tbilisi

Monthly Cost of Living

A single person spends $2,857 per month in Akureyri vs $1,218 in Tbilisi, rent included.

A couple spends around $3,910 per month in Akureyri vs $1,853 in Tbilisi, rent included.

A family of three spends $4,964 per month in Akureyri vs $2,489 in Tbilisi, rent included.

Akureyri costs about 135% more than Tbilisi, driven mainly by Eating Out.

Akureyri sits 113% above the global median, while Tbilisi is 9% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$23.84 ISK 2,969

$10.85 ₾28.75

119.72%

Three-Course Dinner for Two, Mid-Range

$129 ISK 16.0K

$44.17 ₾117

191.24%

Fast Food Meal (McDonalds, etc)

$22.40 ISK 2,789

$8.28 ₾21.94

170.53%

Cappuccino

$4.95 ISK 617

$3.02 ₾8.00

63.91%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.28 ISK 409

$0.76 ₾2.02

331.58%

Water (0.33 liter bottle)

$3.08 ISK 383

$0.46 ₾1.22

569.57%

Local Beer (0.5 liter draught)

$10.68 ISK 1,330

$2.24 ₾5.93

376.79%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,125

$3.00 ₾7.95

201.33%

Milk (1 liter)

$2.87 ISK 357

$1.93 ₾5.11

48.70%

White Bread (500g)

$2.31 ISK 288

$0.72 ₾1.91

220.83%

Rice (white) (1kg)

$3.02 ISK 376

$1.84 ₾4.87

64.13%

Eggs

$7.92 ISK 986

$2.45 ₾6.48

223.27%

Local Cheese (1kg)

$7.43 ₾19.67

Chicken Fillets (1kg)

$24.30 ISK 3,026

$6.48 ₾17.16

275.00%

Beef Round Steak (1kg)

$9.70 ₾25.70

Apples (1kg)

$1.20 ₾3.18

Banana (1kg)

$1.56 ₾4.14

Oranges (1kg)

$1.79 ₾4.75

Tomato (1kg)

$2.23 ₾5.90

Potato (1kg)

$0.65 ₾1.73

Onion (1kg)

$0.68 ₾1.79

Lettuce (1 head)

$1.19 ₾3.16

Water (1.5 liter bottle)

$0.70 ₾1.86

Cigarettes 20 Pack (Marlboro, Camel)

$13.20 ISK 1,643

$2.95 ₾7.82

347.46%

Wine (Bottle)

$7.33 ₾19.41

Local Beer (0.5 liter bottle)

$1.52 ₾4.02

Imported Beer (0.33 liter bottle)

$2.25 ₾5.95

One-way Ticket (Public Transport)

$0.36 ₾0.95

Public Transport Monthly Pass (Regular Price)

$14.60 ₾38.68

Taxi Start (Normal Tariff)

$1.50 ₾3.97

Taxi (Normal Tariff) (1km)

$0.73 ₾1.92

Taxi 1hour Waiting (Normal Tariff)

$7.45 ₾19.74

Gasoline (1 liter)

$2.50 ISK 311

$1.14 ₾3.01

119.30%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$40.9K ISK 5.1M

$18.5K ₾49.0K

120.84%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$63.6K ISK 7.9M

$20.3K ₾53.6K

214.13%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$120 ISK 14.9K

$73.9 ₾196

61.87%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$25.24 ISK 3,143

$11.71 ₾31.01

115.54%

Internet (50+ Mbps, Unlimited Data)

$159 ISK 19.8K

$18.16 ₾48.09

777.09%

Gym Membership (Monthly)

$82.4 ISK 10.3K

$61.7 ₾163

33.58%

Tennis Court (1 Hour on Weekend)

$16.66 ₾44.12

Cinema Ticket

$14.82 ISK 1,845

$6.61 ₾17.50

124.21%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$362 ISK 45.1K

$264 ₾700

37.16%

International Primary School, 1 Child (Yearly)

$5,145 ₾13.6K

Jeans (Levis 501 Or Similar)

$81.4 ISK 10.1K

$74.9 ₾198

8.75%

Summer Dress (H&M, Zara, etc)

$43.98 ₾117

Sport Shoes (Adidas, Nike)

$119 ISK 14.9K

$118 ₾312

1.40%

Men's Leather Business Shoes

$114 ₾301

1-bedroom Apartment, City Center (Monthly)

$1,802 ISK 224.3K

$692 ₾1,833

160.40%

1-bedroom Apartment, Outside City Center (Monthly)

$1,786 ISK 222.3K

$454 ₾1,203

293.32%

3-bedroom Apartment, City Center (Monthly)

$1,323 ₾3,504

3-bedroom Apartment, Outside City Center (Monthly)

$2,144 ISK 266.9K

$789 ₾2,089

171.85%

Buy Apartment in City Center (m2)

$6,488 ISK 807.7K

$2,431 ₾6,440

166.83%

Buy Apartment Outside City Center (m2)

$6,500 ISK 809.2K

$1,441 ₾3,818

350.93%

Average Monthly Net Salary (After Tax)

$645 ₾1,709

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

11.89

-20.94%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akureyri: June 6, 2026

Last update for Tbilisi: June 9, 2026

Cost Breakdown

A central one-bedroom costs $1,802 in Akureyri versus $692 in Tbilisi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $129 in Akureyri versus $44.00 in Tbilisi. Monthly groceries follow the same trend: $217 vs $204 – making Tbilisi the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akureyri vs Tbilisi: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 135%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $4,285 per month in Akureyri and $1,827 in Tbilisi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Tbilisi, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $129 in Akureyri and $44.00 in Tbilisi. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 6% more in Akureyri, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Tbilisi, where all-in costs run around $1,218, than in Akureyri at $2,857. In Tbilisi it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

Families tend to lean toward Tbilisi – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Tbilisi. If higher salaries, better infrastructure, or specific career opportunities are the priority, Akureyri makes more sense. Both are solid long-term options with distinct trade-offs.